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If you have tried your hand at stock trading, you may know how a demat account works. When you buy equity shares, these get credited into your demat account. Similarly, when you sell those shares, they get debited from your demat account. The account functions like a savings bank account, except that instead of parking cash it stores your financial security certificates.You can open an account with a depository participant (DP) like a bank or broker. In return for the service, you will incur demat account charges.

Now, you know that an individual can hold multiple bank accounts. Does this option extend to demat accounts as well? The answer is ‘yes’. However, there are some conditions to bear in mind if you are planning to open a second or third demat account. Being aware of these restrictions will ensure a seamless demat account opening process.

Have questions about the implications of opening multiple demat accounts? Here are the answers to some common demat account questions:

1. Is it legal to have more than one demat account in India?

Yes, it is legal to hold more than one demat account. In fact, there are no restrictions on the number of demat accounts a person can have provided you keep paying the demat account charges.

Is there scope for confusion? Not really. That’s because each time you open a demat account, your Permanent Account Number (PAN) card serves as the unique identifier.No matter how many demat accounts you open, they will all be linked to the same PAN. All the security transactions you make through those multiple accounts will be reflected accordingly.

2. Can you open two demat accounts with the same broker?

Unfortunately,that is not possible. You cannot apply for another account with your existing broker. However, you can approach a different broker to openthe second demat account. Just ensure that the broker is registered with one of the central depositories, whether Central Depository Services Ltd(CDSL) or National Securities Depository Limited (NSDL).

3. Isit safe to keep shares in multiple demat accounts?

Your shares are secure in any demat account. Opening multiple demat accounts will not compromise their safety. In fact, you may be surprised to learn that stockbrokers have no control over demat accounts. Your shares in the demat account are held with a central depository—either CDSL or NSDL. The stockbroker is simply a depository participant (DP) acting on behalf of the depository.

4. Do multiple demat accounts need multiple trading accounts?

No, they do not. You can link your subsequent demat accounts with any existing trading account. For instance, if you engage in both trading and investing, you could maintain one demat account for stock trading and another for your investments.This would allow you to segregate your trading and investment portfolios with ease.

5. What pointers should be noted before opening multiple demat accounts?

• You will incur demat account charges for every account you hold. While some DPs waive the account opening fee, you will have to pay an annual maintenance charge (AMC) as well as transaction charges.The AMC would apply even if one of your demat accounts is lying idle.If you don’t really need the extra account, think about whether it is worth the extra demat account charges.

• It may happen that one of your demat accounts remains dormant for a certain period. In this case, the DP will freeze the account. You would have to fulfill the Know-Your-Customer (KYC) formalities all over again to reactivate the account.

• If an account is likely to be idle for a prolonged period, you could submit a freeze request to your DP. This ensures that your account cannot be misused during the dormant phase. However, corporate action benefits like dividend payments will continue to be credited to your account automatically.

• When you have multiple demat accounts, ensure that all the accounts are linked with your PAN card and Aadhaar card.

• A perk of having multiple demat accounts with multiple DPs is that you gain access to different trading platforms, products, and services. You can also gather valuable insights by accessing and comparing their research reports.

The bottom-line

As you can see, it is perfectly legal to have multiple demat accounts in India. However, you should weigh the pros and cons before applying for an additional account. While there are benefits to maintaining more than one account, you do incur extra demat account charges. Plus, you have to stay updated on all transactions across your different demat accounts by going through holdings and transaction statements with a fine-tooth comb.

Are you not happy with your current DP?Rather than open a fresh demat account, you could consider moving to another DP. For instance, to gain access to powerful trading and investment platforms, you could open an account with a tech-forward broker like Kotak Securities. Just make sure to shop around for a demat account and a DP that fits your bill of requirements.

Forex trading occurs on the world-wide decentralized swap that’s an over-the- counter-top financial market for your investing of currencies. The goal of currency Forex currency trading is to support international market and expenditure. The Forex trading market allows organizations to switch one money into another. For instance, in case a U.S. enterprise is importing Western goods, it’ll need to turn its dollars to Euros to be able to pay the Western European country. The Forex trading market aids in these kinds of transactions. Forex boasts the largest daily amount turnover of any economic market on the planet; this enables for very thick liquidity, which really is a bonus for just about any trader or trader.

Another big benefit of Forex trading is that it could be done from practically anywhere on the planet, which has a web connection. This physical dispersion is really a huge edge for traders seeking to get into currency Forex currency trading because it offers very low set up fees and severe versatility. The 24 each day and seven days a week functioning of the Forex trading market is quite advantageous since it allows for a lot more price action investing opportunities than marketplaces with standard morning open and shut hours. Longer time and more value movement mean even more options for speculators to create money and benefit from big price steps moves.

The currency Forex currency trading market can be a lot more conducive to value action research because you can find fewer factors mixed up in the movement of the marketplace. The catalysts for generating forex trading markets will be macroeconomic mechanisms such as for example, central bank interest levels, inflation procedures, and monthly fiscal reports. Therefore, these relatively steady mechanisms permit the currency forex currency trading market to be always a great fit in for technical investing and specifically for the occupation of price measures setups. There typically is a few big media release value spikes through the entire month however the remaining time the money market trades really technically so when mentioned in the past meshes completely with an approach to price action buying and selling.

The last major advantage that Forex trading has a total other market is kind of a variety of a couple of different facets. The first getting that some agents offer high leverage in Forex, this means it is possible to potentially make really big revenue with an extremely small in advance outlay of cash on your element. Essentially leverage lets you control an extremely massive amount of currency for an extremely little deposit. The other major advantage of money Forex trading will be that it enables traders who might possibly not have much startup money to begin Vantage Forex Trading, and it enables them to manage their consideration danger through micro-lots properly. Micro-lots basically allows an investor to trade posture sizes no more than one cent per point. This enables traders who may just have a handful of money, to begin with, to truly have a fighting likelihood at developing their trading bill with just a little effort and discipline.

Position trading strategy is one of the easiest ways to secure the best possible trades. Being a rookie trader you might think you know the details of this market. But after trading the real market for a few months, you will become frustrated and quit trading. Trading is all about finding the best possible trades with an extreme level of precision. You might be new to this trading profession but this doesn’t mean you will become Forex millionaire without educating yourself properly. You have to rely on the simple logic of investment business to master the art of trading. Let’s learn the five big mistakes committed by the position traders.

Ignoring the long term trend

Being a position trader, you are supposed to trade with the major trend. But the rookie traders start to trade the real market with the market retracement. Eventually, they lose a big portion of their investment and become frustrated. Try to find the market in the daily time frame so that you can execute high-quality trades with an extreme level of precision. Some of you might think the daily time frame doesn’t give enough trading opportunity. But this is not all true. You have to understand the fact, the quality will always beat quantity’s a novice trader, and you need to learn about the different stages of the market trend. Never trade with the minor retracement since it will ruin your trading career.

Trading with high risk

Those who are trading the market for a long period knows the importance of money management policy. If you take a huge risk in each trade, never expect to become a Forex millionaire. Trading is all about finding the best possible trades with low-risk exposure. Google the term Aussie Forex Australia and you will understand why the majority of the retail traders are losing money. More than 90% of the Forex traders are losing money since they don’t know the proper way to control the risk exposure. Being a rookie trader, you should never risk any amount which you can’t afford to lose. Trade with a conservative trading strategy and you will become better at trading.

Ignoring the major news

Being a position trader, you must have a clear knowledge of the fundamental factors of this market. Fundamental analysis is essential to assess the strength of the market trend. Some of you might think learning to analyze the fundamental data is extremely hard. But if you learn about the high impact news, it won’t take much time to develop your trading skills. If necessary seek help from the trained traders and they will give you a proper guideline to trade this market. Trading is nothing but the most sophisticated business in the world. You can’t afford to trade the market with emotions since it will force you to over trade the market.

Lack of trade management skills

You must master the art of trade management skills to become a successful trader. By using the simple trade management technique, you can easily ride the long term market trend. Never try to trade the real market without having a precise knowledge of the market trend. Once you spot the major trend, try to use the trailing stop loss features so that you can maximize your profit. Focus on the basic rules of investment business and you slowly begin to make progress in the trading profession.

Lack of confidence

Without having strong confidence you can’t become successful at trading. As a position trader, you must trade the market with managed risk. Stop taking unnecessary risk to recover the loss. Stick to your trading rules and try to make a profit with simple actions. At times you might get confused with your trading skills but this is very normal. Take a small break and organize yourself to trade the market with confidence. Never lose your confidence as it is one of the most vital elements in position trading business.

Do you know what would happen to your money, property and possessions if you died without making a will? For most of us, writing will content isn’t high on our list of priorities. But if you knew what could happen when you die without making a will, you would realise that it could be one of the most important things you ever do.

Dying without leaving a will – which is known as dying intestate – has some very serious consequences, which all too often, people are unaware of. The intestacy laws which exist in the UK determine what happens to a person’s estate when they die intestate. These are strict rules which dictate who may inherit from a person in the absence of a will. And they may not operate in quite the way you assume they would.

The rules on who can inherit from you if you die without leaving a will, all depend on your marital status. What applies to a single person, doesn’t apply to a married person, and doesn’t also apply to those who are in a relationship, but not married. The following is what happens to your estate when you die without a will:

Some things you should know about intestacy

When you die without leaving a will behind, the only thing you can be guaranteed is that the laws of intestacy take effect. Intestacy just means you died without making a will.

Under the rules of intestacy, it is usually only a spouse who can inherit from you. If you do not have a spouse at the time of your death, then children, parents, siblings and a few other relatives are entitled to your money but the order in which they inherit is strictly determined by law, and is laid out below. If no surviving relatives can be found, including distant relatives, the government takes possession of your estate.

Whilst under the laws of intestacy your property might be shared to your relatives, it might not be in the way you would have done it, or to relatives you would not have chosen. It’s important to understand how the law would divide up your estate if you were to die without making a will. It is also especially important to understand how dying intestate affects a surviving partner if you are in a relationship, but not married.

Here are some of the most common scenarios:

INTESTACY AS A SINGLE, UNMARRIED PERSON

If you are unmarried and have no children, your money is automatically given to your parents, if they survive you, along with all of your property. In cases where both of your parents are no longer alive at the time of your death, your siblings are next in line to receive the proceeds of your estate. This also includes any half-siblings.

The money or property will be divided among them in equal parts, no matter how many beneficiaries there are. If you are not survived by parents, siblings or children of your siblings, then your mother’s closest relatives get half of the money or property, while the closest surviving relatives from your father’s side get the other half.

The last condition to this is that if you die and are survived by children, then the entirety of your money and estate goes to your children. All will have an equal share of your money and property. If they are no longer alive, then your inheritance would be passed to any surviving children that they had (your grandchildren). If you had two or more children, and one dies before you, and that child has a child or children, then the children of your child, as well as your other surviving children get the money, divided equally between them.

INTESTACY AS A MARRIED PERSON

Married partners or civil partners inherit everything you leave under the rules of intestacy, if your estate is worth up to £250,000. Note however that this only applies if you were actually married or in a civil partnership at the time of death. That means that divorced ex-partners have no rights to inherit from you under the rules of intestacy.

If however, there are surviving children and your estate is valued at more than £250,000, then your spouse or civil partner will inherit the first £250,000 of your estate, and all of your personal property and possessions, and half of the value of the remaining estate. The other half of your remaining estate after the first £250,000 has been taken out, goes to your children, divided equally between them.

INTESTACY FOR AN UNMARRIED PERSON IN A RELATIONSHIP

Most of the laws of intestacy have no provision for those who are unmarried, no matter how long they have been together, and no matter whether they have children together or not.

It should be noted however, that in the case of jointly-owned property, if both partners owned property or a bank account together then the remaining partner would automatically become the sole owner of the home or money that was previously jointly owned.

Despite this, it can be particularly distressing and heartbreaking for grieving partners to discover that they have no share or access to their partner’s money or possessions, when it is too late to do anything about it.

Writing a will is the easiest way to prevent this circumstance from occurring. Writing a will allows you to name whoever you like to inherit from you and ensure that your loved ones are taken care of after your death in the way you would like.

The importance of having a will cannot be understated. It allows you to take control of your estate and ensure that those you most wish to benefit from your estate after your death will be able to do so, without having to fight for it in the courts. Making a will is easy and needn’t cost a lot of money. Seek advice from a solicitor or professional will writing service if you don’t feel confident drafting your own will, as they are the experts when it comes to ensuring your final wishes become legally binding.

For your achievements in investing forex, a trader must have the best forex currency trading business plan. This is of forex is definitely foreign currency alternate. Each country includes a currency that’s unique. Forex currency trading may be the exchanging of this currency of one country for your money of another at exactly the same time. The exchange is performed at an alternate rate that’s arranged for a specific period.

The prices of varied currency’s slide and rise in just a matter of minutes; this creates the currency marketplace a powerful one. This dynamism features made lots of people to purchase this business. Persons may exchange online anytime and make gains. Sometimes, they can face loses also. A trader should so develop a very good strategy to become successful.

A strategy permits the trader to process forex trading systematically. Initially, he will make use of training and forex instructions to do exploration before he projects into the company. He may seek advice from experts and develop trading expertise, ideas, and realize the business.

Currency trading is similar to every other organization where loses and income are created. The trader should thus spend cash he does not brain losing. A proven way of doing that is to save income solely for functions of forex trading. A restriction of the total amount to be expended should be established. The trader should try whenever you cannot save money than the set in place limit.

To be able to ensure that he’s got one of the better forex trading organization plans, the investor should pick the currencies he hopes to exchange in carefully. There are a few currencies that are internationally recognized, plus they could be exchanged with more achievements than others. It really is recommendable to deal using sets of currencies which are popular. They include things like EUR/USD, GBP/USD, and USD/JPY among more than a few others.

The investor should think of a routine and try out sticking with it. The regime should be altered only when there’s a real have. The routine consists of choosing enough time he will market. It is fine to try sticking with this schedule even though you can find fluctuations on the market. This inculcates willpower and also permits him to make some revenue slowly.

The trader should create a budget that will aid him in checking the outflow and inflow of dollars. Through the finances, he can find peaks and slumps of his stock trading. Slumps shouldn’t be a way to obtain discouragement. This implies one should show patience and should not really let emotions affect his trading.

A trader shouldn’t try to recuperate loses rapidly. He could rather spend time generating an examination of his investing strategy. This will keep him from possible hazards and dangerous buying and selling. Best forex currency trading business plan, as a result, includes discipline, persistence, and good supervision skills. For a number of people, forex trading is a choice career. The trader has the choice of functioning from his residence, working hours, which are flexible, along with the potential of getting high income.

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